You’ve probably watched the People’s Court and thought to yourself, why bother with a gavel and gown? The judges on TV court shows may have passed the bar and possess a judge’s license, but their decisions have no bearing on the actual law.
Yes and no. Securities arbitration, an alternative to the sluggish court system where cases are handled expediently, bear great similarity to TV court shows. There are a few main types of arbitration handlings: commercial arbitration, labor arbitration, judicial arbitration, and the titular securities arbitration, which is where clients can handle disputes from financial advisors or security companies—mainly security surrounding banks and the stability of stocks. Do you have something to settle with your financial advisor? Before you can drag them to court, they’ll want you to go through securities arbitration first. Call 312.553.2200 for the legal assistance you’ll need either which way.